Find latest publication on US GAAP,IFRS and Canadian ASPE
Find latest publication on US GAAP,IFRS and Canadian ASPE
KPMG’s in-depth guide explains the optional expedients in ASC 848 that permit an entity to not apply otherwise applicable US GAAP to contracts or transactions that are modified or otherwise affected due to reference rate reform Applicability ASC 848 All…
KPMG provides guidance and interpretation of ASC 830, explaining the accounting for foreign currency matters. Applicability Companies that have transactions denominated in a foreign currency Companies that have operations in a foreign currency environment Currently effective requirements This Handbook takes…
Using Q&As and examples, KPMG provides interpretive guidance on consolidation-related accounting issues in applying ASC 810. This May 2022 edition incorporates updated guidance and interpretations. Applicability Companies that present consolidated financial statements Companies with interests in variable and/or voting interest entities…
From 2023, the new insurance standard, IFRS 17 Insurance Contracts, will apply for all companies. This is because it applies to contracts, regardless of the issuer, and therefore all companies could be affected, not just insurers. IFRS 17 contains more detailed,…
As entities plan to reduce their carbon footprint, they are often seeking to use ‘green’ or ‘sustainable’ electricity. Electricity is a unique product, because it is not easily storable at scale, and often entities are connected to the electricity ‘grid’…
KPMG’s in-depth guide explains how to account for transfers of financial assets, using Q&As and examples to address common questions and transactions we see in practice. This edition includes new interpretations related to a transfer of a portion of an…
KPMG answers frequently asked questions on applying ASC 606 and ASC 610-20 in the real estate industry – including updated interpretations based on KPMG’s experience with companies applying the standards. Relevant dates Effective immediately. Key impacts Responses to common questions…
KPMG explains how an entity’s management performs a going concern assessment and makes appropriate disclosures. Q&As, interpretive guidance and illustrative examples include insights into how continued economic uncertainty may affect going concern assessments. This latest edition includes illustrative application of…
New proposals on the first IFRS® Sustainability Disclosure Standards mark the next step toward equal prominence for international sustainability and financial reporting. The proposals aim to create a global baseline for investor-focused sustainability reporting that local jurisdictions can build on. Applicability Exposure Draft IFRS…
KPMG addresses frequently asked questions on ASC 321 and changes to ASC 825. This latest edition includes updated interpretations on investments in qualified affordable housing projects. Applicability ASC 321, ASC 825, (ASU 2016-01, ASU 2018-03, ASU 2019-04, ASU 2020-01) Companies that hold equity investments Companies that…